PatekPhilippe
Senior Member
And SS is still showing a positive cash flow.
that 6 trillion is previous surplus money that our gummit has spent on other things and must repay to the SS program.
Surely you know this though?
I thought the amount owed was more like 3 milliion?
welch on a debt to uscitizens?
and yes....they are projecting reduced benefits by 2017 when that positive cash flow you're touting becomes a NEGATIVE cash flow. Anyone born after 1960 can now no longer retire at 62. They have to wait....and then get reduced benefits...maybe 70% of what they were promised...
If more young whippersnappers would grab their bootstraps and pull themselves up to a higher standard of living. Well there would be more SS funds flowing in so no problem.
It is all the fault of the young.
That's just the problem...Americans aren't having as many children nowdays...there will be more senior citizens than young people for the first time in the history of the U.S. as more and more baby boomers retire. That's the reason why SS and Medicare are going broke.